Analisa dan Pembahasan Manajemen

Management Discussion and Analysis

Tanggung Jawab Sosial Perusahaan

Corporate Social Responsibility

Tata Kelola Perusahaan

Good Corporate Governance

Laporan Keuangan Tahun

Berakhir 31 Desember 2014 Dan 2013

Financial Statements Yeard Ended 31

December 2014 And 2013

Laporan Tahunan Annual Repor t

LAPORAN TAHUNAN | 2014 | A N N UA L R E P O R T

Data Keuangan Penting Financial Highlights

Laporan Dewan Komisaris

Report of the Board of Commissioners

Pro"l Perusahaan

Company Pro"le

Laporan Direksi

Report of the Board of Directors

Laporan Tahunan Annual Repor t

Data Keuangan Penting

Financial Highlights

Laporan Tahunan Annual Repor t

DAFTAR ISI

CONTENTS

DATA KEUANGAN PENTING | FINANCIAL HIGHLIGHTS

Gra"k | Graphs

3 Laporan Posisi Keuangan | Statements of Financial Position

Laporan Laba (Rugi) Komprehensif | Statement of Comprehensive Income

(Rugi) Laba Per Saham | (Loss) Earning Per Share

5 Data Per Saham | Data Per Share

5 Rasio-Rasio Perseroan | Company Ratio’s

5 Modal Kerja Bersih | Net Working Capital

5 Investasi | Investment

6 Harga Saham dan Dividen | Share Price and Dividend

8 Ekspor | Export

PROFIL PERUSAHAAN | COMPANY PROFILE

Sekilas PT Centex | PT Centex in Brief

Alamat Perseroan | Address of the Company

Bidang Kegiatan Usaha | Business Activities

Visi dan Misi | Vision and Mission

Serti"kat dan Penghargaan | Certi"cate and Award

Pro"l Dewan Komisaris dan Dewan Direksi Pro"le Board of Commissioners and Board of Directors

Komposisi Kepemilikan Saham | Composition of Shareholders

Kronologis Pencatatan SahamChronology of Share Listing

Lembaga dan Profesi Penunjang Pasar Modal Capital Market Support Institution and Professions

Pengembangan Sumber Daya ManusiaHuman Resources Development

Struktur Organisasi Perusahaan Organization Structure of The Company

LAPORAN DEWAN KOMISARISREPORT OF THE BOARD OF COMMISSIONERS

LAPORAN DIREKSIREPORT OF THE BOARD OF DIRECTORS

ANALISA DAN PEMBAHASAN MANAJEMEN MANAGEMENT DISCUSSION AND ANALYSIS

Tinjauan Operasi Perseroan Review of Operations the Company

Kinerja Keuangan PerseroanCompany’s of Financial Performance

33 Kemampuan Membayar Hutang | Ability to pay debt

33 Tingkat kolektibilitas piutang Collectability of accounts receivable levels

33 Struktur Modal | Capital Structure

Pengikatan Material untuk Investasi Barang Modal Material Binding for Capital Goods Investment

Informasi dan fakta material setelah tanggal laporan Akuntan | Information and Material Facts after the Date of Accountant’s Report

Prospek Usaha | Business Prospect

Perbandingan Target dan Aktual Comparison of Actual Target

Aspek Pemasaran | Market Aspect

35 Kebijakan Dividen | Dividend Policy

35 Perubahan Kebijakan Akuntansi Change of Accounting Policy

36 TATA KELOLA PERUSAHAAN GOOD CORPORATE GOVERNANCE

38 Dewan Komisaris dan Direksi Board of Commissioners and Directors

Komite Audit | Audit Committee

Sekretaris Perseroan | Corporate Secretary

Audit Internal | Internal Audit

Sistem Pengendalian Internal | Internal Control System

Manajemen Risiko | Risk Management

Akuntan Publik | Public Accountant

Penyebaran Informasi Dissemination of the Company’s Information

TANGGUNG JAWAB SOSIAL PERUSAHAANCORPORATE SOCIAL RESPONSIBILITY

SURAT PERNYATAAN ANGGOTA DEWAN KOMISARIS DAN DIREKSI TENTANG TANGGUNG JAWAB

STATEMENT OF MEMBER OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS ON THE ANNUAL

FINANCIAL STATEMENTS YEARD

Surat Pernyataan Direksi Tentang Tanggung Jawab

| Statement of the Board of Director Regarding Responsibility on The Financial Statements

Laporan Tahunan Annual Repor t

GRAFIK | GRAPHIC

Penjualan Bersih | Net Sales

Laba Rugi Komprehensif | Comprehensive Income Loss

Tiga tahun berakhir

(Dalam ribuan US Dollar)

Three years ended

(In thousands of US Dollar)

Tiga tahun berakhir

(Dalam ribuan US Dollar)

Three years ended

(In thousands of US Dollar)

Dalam Negeri Domestic

Ekspor Export

DATA KEUANGAN PENTING

FINANCIAL HIGHLIGHTS

Data Keuangan Penting

Financial Highlights

Laporan Tahunan Annual Repor t 3

LAPORAN POSISI KEUANGAN | STATEMENTS OF FINANCIAL POSITION(Dalam ribuan US Dollar) / (In thousands of US Dollar)

31 Desember | 31 December

2014 2013 2012

Aset Lancar Current Assets

Aset Tidak Lancar Non-Current Assets

Aset Lain – lain Other Assets

Jumlah Aset Total Assets

Liabilitas Jangka Pendek Current Liabilities

Liabilitas Jangka Panjang Non-Current Liabilities

Total Liabilitas Total Liabilities

Modal Saham dan TambahanModal disetor

Share Capital and Additional Paid in Capital

Selisih Penilaian Kembali Aset Tetap Revaluation Increment

Akumulasi Rugi Accumulated De"cit

Total Ekuitas Total Shareholders’ Equity

Total Liabilitas dan Ekuitas

Total Liabilities and Shareholders’ Equity

LAPORAN POSISI KEUANGAN | STATEMENTS OF FINANCIAL POSITION(Dalam persentase dari jumlah Aset) / (In percentage of total Assets)

31 Desember | 31 December

2014 2013 2012

Aset Lancar Current Assets

Aset Tidak Lancar Non-Current Assets

Aset Lain – lain Other Assets

Jumlah Aset Total Assets

Liabilitas Jangka Pendek Current Liabilities

Liabilitas Jangka Panjang Non-Current Liabilities

Modal Saham dan Tambahan Modal disetor

Share Capital and Additional Paid in Capital

Selisih Penilaian Kembali Aset Tetap Revaluation Increment

Akumulasi Rugi Accumulated De"cit

Total Liabilitas dan Ekuitas

Total Liabilities and Shareholders’ Equity

Laporan Tahunan Annual Repor t

LAPORAN LABA RUGI KOMPREHENSIF | STATEMENTS OF COMPREHENSIVE INCOME(Dalam ribuan US Dollar) | (In thousands of US Dollar)

31 Desember | 31 December

2014 2013 2012

Penjualan Neto Net Sales

Beban Pokok Penjualan Cost of Sales

Laba Kotor Gross Pro"t

Beban Usaha Operating Expenses

Laba (Rugi)Usaha Operating Pro"t (Loss)

Biaya Keuangan Neto Net Finance Cost

Laba(Rugi) sebelum Pajak Pro"t (Loss) Before Tax

Penghasilan (Beban) Pajak Tax Bene"t (Expenses)

Laba (Rugi)Bersih Net Pro"t (loss)

LAPORAN LABA RUGI KOMPREHENSIF | STATEMENTS OF COMPREHENSIVE INCOME(Dalam persentase dari penjualan bersih) | (In percentage of net sales)

31 Desember | 31 December

2014 2013 2012

Penjualan Neto Net Sales

Beban Pokok Penjualan Cost of Sales

Laba Kotor Gross Pro"t

Beban Usaha Operating Expenses

Laba (Rugi) Usaha Operating Pro"t (Loss)

(Beban) Penghasilan Lain-lain Other (Expenses) Income

Laba (Rugi) sebelum Pajak Pro"t (Loss) before Tax

Penghasilan (Beban) Pajak Tax Bene"t (Expenses)

Laba (Rugi) Bersih Net Pro"t (Loss)

(RUGI) LABA PER SAHAM | (LOSS) EARNING PER SHARE

31 Desember | 31 December

2014 2013 2012

Laba (Rugi) tahun berjalan Pro"t (Loss) for the year

Jumlah rata-rata tertimbang saham seri A yang beredar

Weighted average outstanding shares of A series

Jumlah rata-rata tertimbang saham seri B yang beredar

Weighted average outstanding shares of B series

Jumlah Saham beredar Total outstanding shares

Laba (Rugi) per saham pro"t (Loss) per share

Data Keuangan Penting

Financial Highlights

Laporan Tahunan Annual Repor t 5

DATA PER SAHAM | DATA PER SHARE

31 Desember | 31 December

2014 2013 2012

DATA PENTING PER SAHAM dalam US DATA PER SHARE

Laba (Rugi) Bersih Net Pro"t (Loss)

Laba (Rugi)Bersih per saham Dasar

Primary Net Pro"t (Loss) per share

Akumulasi Rugi Accumulated De"cit

Ekuitas Shareholders’ Equity

Dividen Tunai - - - Cash Dividend

Rasio Pembayaran Dividen - - - Dividend Payout Ratio

Rasio Harga Pasar Terhadap Dividen - - - Price Dividend Ratio

Rasio Harga Pasar Terhadap (Rugi) Laba Bersih

Price Earnings Ratio

RASIO-RASIO PERSEROAN | COMPANY RATIOS

31 Desember | 31 December

2014 2013 2012

RASIO LABA (RUGI) BERSIH TERHADAP JUMLAH ASET

RETURN ON ASSETS

RASIO LABA (RUGI) BERSIH TERHADAP EKUITAS RETURN ON EQUITY

RASIO LANCAR CURRENT RATIO

RASIO LIABILITAS TERHADAP EKUITAS DEBT TO EQUITY RATIO

RASIO LIABILITAS TERHADAP JUMLAH ASET

DEBT TO ASSETS RATIO

MODAL KERJA BERSIH | NET WORKING CAPITAL(Dalam ribuan US Dollar / In thousands of US Dollar)

31 Desember | 31 December

2014 2013 2012

Modal Kerja Bersih Net Working Capital

INVESTASI / INVESTMENT(Dalam ribuan US Dollar / In thousands of US Dollar)

31 Desember | 31 December

2014 2013 2012

Jumlah Investasi Total Investments

6 Laporan Tahunan Annual Repor t

Kinerja Pergerakan Saham 2014 | Stock Price Movement in 2014

Har

ga

Pe

nu

tup

an |

Clo

sin

g P

rice

(Rp

)

Periode/ Period2013

Tertinggi/ Highest

Terendah/ Lowest

Penutupan/ Closing

Jumlah Saham /

Shares Volume

Nilai / Values Frekuensi /

FrequencyRp Rp Rp Rp

Januari / January 5

Februari / February

Maret / March 3

April / April

Mei / May 6

Juni / June 3

Juli / July

Agustus / August

September / September

Oktober / October

November / November

Desember / December

Jumlah / Total 35

Harga Saham dan Dividen Share Price and Dividend

Data Keuangan Penting

Financial Highlights

Laporan Tahunan Annual Repor t

Periode / Period2014

Tertinggi/ Highest

Terendah/ Lowest

Penutupan/ Closing

Jumlah Saham/

Shares Volume

Nilai / Values

Frekuensi / Frequency

Rp Rp Rp Rp

Januari / January

Februari / February 8

Maret / March

April / April 3

Mei / May

Juni / June 5

Juli / July

Agustus / August 3

September / September

Oktober / October

November / November

Desember / December

Jumlah / Total

Kebijakan Dividen Dividend Policy

Selama 4 Tahun Terakhir (2011 – 2014) For the Last 4 Years (2011 – 2014)

Tgl.RUPS

Dividen Tgl. Pembagian

dividen

Dividen untuk tahun buku

berakhir

Date of AGSM Dividend Date of dividend

distribution

Dividend for %nancial year

ended

- -

- -

- -

- -

8 Laporan Tahunan Annual Repor t

EKSPOR

EXPORT

NETHERLAND

OMAN

KUWAIT S, ARABIA

EGYPT LEBANON

BANGLADESH

HONGKONG

JAPAN

U K

Eksporexport

(UAE)

SOUTH AFRICA

Data Keuangan Penting

Financial Highlights

Laporan Tahunan Annual Repor t 9MALAYSIA

SINGAPORE

CHINA

MIYANMAR

THAILANDVIETNAM

N. ZEALANDAUSTRALIA

HONDURASCANADA

FIJ I

TAIWAN

SRI LANKA